Borrow against your collateral

Open a trove with ETH, wstETH, rETH, WBTC, and other supported collateral. Mint RD, a USD-denominated stablecoin, against it. Repay when you want.

Built to stay near $1

RD targets $1. Redemption arbitrage puts a floor under the price, and an adaptive interest rate dampens demand spikes before they reach you.

Earn from protocol activity

Deposit RD into the Stability Pool, stake FEE/FLX, or LP into supported pools to earn a share of protocol fees and emissions.